Northmill Bank appoints Tobias Palmborg as the new CTO

By Megha Bhattacharya

Northmill Bank, the Swedish neobank, has announced the appointment of Tobias Palmborg as the new Chief Technology Officer. The new CTO will be responsible for scaling up and accelerating the technology and product organisation as well as strengthen the company’s continued expansion.

Hikmet Ego, CEO and co-founder at Northmill Bank, commented, “We are happy to welcome Tobias to Northmill Bank! He has a wide experience and international expertise, and has a deep knowledge of how a modern and agile tech and production organization works. We want to be a positive driver for more customer-centric financial products, and have a high degree of relevance and personalization in our offerings. Tobias will play an important role in this exciting and business-critical work.”

Recently, Tobias was the CTO at the online gambling provider Netcent. He also has a background as Development Manager at Unibet and Engineering Manager at Klarna.

The Swedish neobank, this November, announced that it has become a member of the Swedish Central Bank’s payment system- RIX. The payment system’s membership is expected to allow the neobank to add a range of new banking products and features to its banking offer, as well as adding extra layers of relevance and customisation.

Tobias Palmborg, CTO at Northmill Bank, commented, “There is another dimension to Northmill Bank which attracted me. A genuine desire to improve people’s financial lives, and with the help of technology and genuine customer focus, create a banking experience that doesn’t exist today. I look forward to continuing developing and creating a product and technology organization, which not only supports the business, but actively pushes towards the goal of improving our customers’ financial lives.”